Category: ABCs of Personal Finance
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Personal Finance 101: How to calculate EPF money we have when we retire?
In order to benefit from this article, you need to be an EPF contributor first yeah. As for EPF, much has been said about the recent RM500 being deposited by the government to EPF contributors who have too little money in their account. Some said that EPF members should be allowed to do another round…
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Personal Finance 101: Cost of living includes electricity too!
I usually sleep with my 8-year old son who says he will sleep on his own when we move to our new home maybe towards end of this year. One day he may not want me to be so close to him but since he needs me now, I better be close to him. Haha.…
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EPF members with less funds than poverty level
When I started working, there was one particular month which due to an unforeseen circumstance, I had just RM20 and it was 5 days till salary day. I was already a working adult and thus did not want to ask my parents for money. Those 5 days were tough because I needed to go to…
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Personal Finance 101: Why do banks offer moratorium?
Personal Finance 101: Why do banks offer moratorium? Moratorium was first offered during the Covid-19 lockdowns In 2020, Bank Negara Malaysia announced a 6 months AUTOMATIC moratorium to all bank loans — except for credit card balances. Article in nst.com.my here. In 2021, another round of 6 months moratorium was offered to all individuals, microenterprises…
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EPF payout totalled RM51.14 billion for 2022
This was a super big news before it was announced; so many media outlets were predicting the potential number. It was also hotly discussed after it was announced. Some say it’s low, some say it’s respectable. Some say it could have been better IF… Regardless, here’s that article on the details of the announcement by…
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Personal Finance 101: WORKING LONGER is compulsory for majority. Does it include you?
Here’s that news which should alarm many of us: 71pct of EPF contributors aged 55 and below do not have enough to rise above poverty level Briefly, this meant that for these 71 percent of EPF contributors, they will live under the poverty level for their savings versus the years they have to live with…
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Personal Finance 101: These are 5 important elements
Personal Finance 101: These are 5 important elements First of all, there are no links anywhere in this article for you to buy any savings plan or insurance or mortgage plans. There are also no links to view a virtual 360 of a property too. Haha. You are reading this in kopiandproperty.my and this is…
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Personal Finance 101: EPF is for retirement. Period.
When the government first allowed EPF withdrawals, I was against it. Even from the FB comments and my conversations, it is safe to say that many of the ones saying they will withdraw since it’s allowed do not need it in the first place. To these people, the withdrawal either gives them money to invest…
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Microsoft Corp. and Amazon.com Inc will cut a total of 28,000 jobs
Actually it’s not just 28,000 because these 28,000 people may also have their family members who would also be affected too. In other words, this may potentially affect another 28,000 other people indirectly too. Before we become too affected, we should also know if these two companies are actually facing any financial issues at the…
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Investing into an education township is attractive and possible
I graduated in July 1998. Yes, now you know my generation is known as the Gen-X. It was in 1994 that I started that I enrolled in Inti Subang Jaya for my degree. At the time, all the colleges in Subang Jaya or Bandar Sunway does not have the attractiveness of today. In fact most…
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Personal Finance 101: Are you able to save RM1,500 per month?
I think majority would answer YES. I actually do have many friends who does not need their salary every month. I tell you the story of three ladies. Yes, let’s skip the guys this round.